John Hamilton is to step down from his role as head of fixed interest at Jupiter after almost 25 years at the group.

Bank of England deputy governor Paul Tucker has denied being asked by government officials to encourage banks to lower LIBOR submissions at the height of the crisis in 2008.

Investec's Alastair Mundy has stepped down from his role as manager of the Investec Managed Distribution fund, handing the portfolio to John Stopford and Max King.

M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.

Research from Nomura and data produced by Morningstar for Investment Week challenge the view concentrated equity portfolios are riskier propositions in volatile markets.

The Bank of England will continue with its quantitative easing programme until it owns all of the gilt market not controlled by life companies, according to Schroders' Gareth Isaac.

Neptune has launched a Defensive Managed fund as it becomes the latest fund group to unveil a lower risk offering.

The European Central Bank is expected to cut rates this afternoon in a bid to help revive the ailing eurozone - a move which stands to benefit hedge fund manager Hugh Hendry.

Ratings agency Moody's has changed the outlook on Barclays' financial strength rating from stable to negative, saying the uncertainty over the bank's future direction is negative for bondholders.

David Cameron has said the LIBOR manipulation scandal is the result of "spivvy and probably illegal" activity but has declined calls for a judge-led inquiry into the affair.